EUR/CHF – 30M – SELL

The pair Euro/Swiss Franc (EUR/CHF) goes from the descending trendline down.

A continuation of the downward movement down to the next support at 0.92755 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.93418 should always be considered.
Consider stop-loss settings accordingly.

There is also a ‘Three Outside Down’ candle chart pattern is existing. The chart shows ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

Download EUR/CHF Signal Image

Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Outside Down